Seacoast Science Center Inc

Analysis

Seacoast Science Center Inc is a registered charity in United States, based in Rye, NH. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Seacoast Science Center Inc reported income of $2.0m and spending of $2.3m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seacoast Science Center Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NH. Charities of a similar size with the same main cause include Jamestown Rediscovery Foundation ($2.0m), Lighthouse Artcenter Inc ($2.0m) and Forum to Advance Minorities in Engineering Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $115k (5.1% of expenses). Other salaries and wages came to $1.1m. It paid $24k in professional fundraising fees. At year end it held assets of $5.3m against liabilities of $243k, net assets of $5.0m. It reported 91 employees.